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LAW
• James Colliton, the former Cravath associate embroiled in a sex-crimes suit, got a lighter sentence after he admitted to paying a mother for sex with her two teenage girls. [Law Blog/WSJ]
• Debevoise and Plimpton's marquee new hire, the former attorney general of the U.K., has a few scuffs on his highly polished shoes: He carried on an affair while in office with a leading woman barrister. [Above the Law]
• When $1,000 an hour isn't enough, premium billing — a kind of law-firm tip for a job well done — is the best way to really start raking in the profits. [DealBook/NYT]